Dollar General Co. (NYSE:DG) Stake Decreased by Key Financial Inc

Key Financial Inc decreased its position in shares of Dollar General Co. (NYSE:DG) by 26.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 685 shares of the company’s stock after selling 246 shares during the period. Key Financial Inc’s holdings in Dollar General were worth $93,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Manhattan Co. raised its holdings in Dollar General by 447.4% during the fourth quarter. First Manhattan Co. now owns 104 shares of the company’s stock worth $26,000 after purchasing an additional 85 shares in the last quarter. Financial Freedom LLC acquired a new position in Dollar General in the fourth quarter worth approximately $26,000. Strategic Investment Solutions Inc. IL acquired a new position in Dollar General in the first quarter worth approximately $28,000. Atlas Capital Advisors LLC acquired a new position in Dollar General in the second quarter worth approximately $32,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in Dollar General in the fourth quarter worth approximately $25,000. Institutional investors own 91.77% of the company’s stock.

Insiders Place Their Bets

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the sale, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the transaction, the director now directly owns 3,248 shares in the company, valued at $505,778.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Carman R. Wenkoff sold 5,909 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares in the company, valued at $4,636,371.17. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Dollar General Stock Performance

NYSE DG opened at $144.01 on Thursday. The stock has a market cap of $31.63 billion, a P/E ratio of 19.11, a PEG ratio of 2.59 and a beta of 0.42. The company’s 50-day simple moving average is $149.24 and its 200 day simple moving average is $133.78. Dollar General Co. has a twelve month low of $101.09 and a twelve month high of $222.99. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.09. The firm had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.96 earnings per share. As a group, research analysts forecast that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.36 annualized dividend and a yield of 1.64%. Dollar General’s dividend payout ratio is 31.22%.

Analyst Ratings Changes

Several research analysts have issued reports on DG shares. The Goldman Sachs Group lifted their price target on shares of Dollar General from $147.00 to $169.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Barclays upgraded shares of Dollar General from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $124.00 to $154.00 in a research report on Thursday, January 4th. JPMorgan Chase & Co. lifted their price objective on shares of Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a research report on Monday. BMO Capital Markets lifted their price objective on shares of Dollar General from $130.00 to $160.00 and gave the stock a “market perform” rating in a research report on Friday, March 15th. Finally, Piper Sandler reiterated a “neutral” rating and set a $147.00 price objective (up from $127.00) on shares of Dollar General in a research report on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $153.08.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.